Market Overview

IFIC Monthly Statistics – June 2018

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TORONTO, July 19, 2018 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced mutual fund net sales and net assets for June 2018.

The combined assets of Canada's mutual fund industry totalled $1.51 trillion. Assets increased by $11.3 billion or 0.8% compared to May 2018.

The mutual fund industry recorded net redemptions of $466 million and year-to-date net sales of $14.4 billion.

Sales Highlights:

  • Long-term fund net redemptions were $907 million in June and year-to-date net sales were $13.5 billion. Year-to-date long-term fund net sales were 57.4% lower than year-to-date, 2017.
  • Balanced fund net redemptions were $955 million in June and year-to-date net sales were $6.8 billion. Year-to-date balanced fund net sales were 62.5% lower than year-to-date, 2017.
  • Equity fund net sales were $283 million in June and year-to-date net sales were $4.6 billion. Year-to-date equity fund net sales were 3.5% higher than year-to-date, 2017.
  • Bond fund net redemptions were $481 million in June and year-to-date net sales were $652 million. Year-to-date bond fund net sales were 91.4% lower than year-to-date, 2017.
  • Money market fund net sales were $440 million in June 2018 and year-to-date net sales were $901 million. Year-to-date money market fund net sales were 249% higher than year-to-date, 2017.

Net Sales ($ Millions)

Asset Class June 2018 May 2018 June 2017 YTD 2018 YTD 2017
 Long-term Funds          
  Balanced* -955  -500  3,103  6,838  18,248 
  Equity 283  236  412  4,581  4,426 
  Bond -481  -223  1,509  652  7,563 
 Specialty 246  276  381  1,477  1,575 
 Total Long-term Funds -907  -211  5,405  13,548  31,813 
 Total Money Market Funds 440  179  -193  901  -605 
 Total Industry -466  -32  5,213  14,449  31,208 

Net Assets ($ Billions)

Asset Class June 2018 May 2018 June 2017 Dec 2017
 Long-term Funds        
  Balanced*  779.3   774.5   737.6   766.1 
  Equity  505.3   500.0   454.5   484.3 
  Bond  187.5   187.7   185.7   187.7 
  Specialty  16.4   15.6   13.4   14.7 
 Total Long-term Funds  1,488.5   1,477.8   1,391.2   1,452.8 
 Total Money Market Funds  25.5   24.9   23.7   24.2 
 Total Industry  1,514.0   1,502.7   1,414.9   1,477.1 

* Balanced funds include funds that invest in a mix of stocks and bonds as well as funds that invest in a mix of separate stand-alone funds.

IFIC makes every effort to verify the accuracy, currency and completeness of the information; however, IFIC does not guarantee, warrant, represent or undertake that the information provided is correct, accurate or current.

About IFIC

The Investment Funds Institute of Canada is the voice of Canada's investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada's savers to Canada's economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada's investment funds industry and its investors for more than 50 years. To learn more about IFIC, please visit www.ific.ca

For more information please contact:

Lisa Hall
Senior Manager, Communications and Public Affairs
lhall@ific.ca
416-309-2317

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